Eric Dinallo for NY Attorney General
In a career spanning government, the private sector, and now academia,
Eric R. Dinallo has emerged as one of New York’s leading voices at the
intersection of Wall Street and Main Street. As a prosecutor, financial
regulator, and senior private sector lawyer he has produced innovative
solutions to seemingly intractable problems.
Insurance Superintendent
Most recently, as the New York State Superintendent of Insurance, Eric
played a key role in addressing the global financial crisis by
protecting policyholders at AIG, provided access to health insurance for
400,000 uninsured children, extended insurance benefits to same-sex
couples, and reformed New York’s workers’ compensation system – saving
New York businesses $1 billion annually while increasing payouts to
injured workers by 75%. Eric also helped champion the resurrection of
the New York Insurance exchange which Governor Paterson recently
announced as a major priority of his administration.
Through these actions and others, including working closely with Warren
Buffet to ensure the municipal bond insurance industry remained viable,
he developed a reputation for being what the New York Times called a
“regulator not stymied by red tape.” Speaking to the New York Times, Mr.
Buffet gave Eric an “A” for his performance during the financial crisis
and said he “took charge in a way that minimized the damage.” Eric also
earned national acclaim shortly after taking office in 2007 for leading
successful negotiations between developers and insurance companies over
the World Trade Center site's multi-billion dollar insurance claims, so
that we could finally begin to rebuild.
Prosecutor
As an Assistant District Attorney in the Manhattan D.A.’s office under
Robert M. Morgenthau from 1995-1999, Eric prosecuted repeat felony
offenders, violent crimes, enterprise corruption, and some of the
state’s first insider trading cases. Later, as Chief of the Investor
Protection Bureau at the attorney general’s office from 1999-2003, he
resurrected the decades-old Martin Act to aggressively prosecute fraud
and abuse on Wall Street and protect the life savings and pensions of
ordinary New Yorkers. While there, Eric led some of the most
high-profile Wall Street cases in decades, including those that revealed
conflicts of interests by research analysts at Merrill Lynch,
Citigroup, and others.
Senior Private Sector Lawyer
Before his appointment as Superintendent of Insurance, Eric was Managing
Director of Global Regulatory Affairs at Morgan Stanley, and the
General Counsel at Willis Group Holdings, the world’s third largest
insurance broker.
Personal
In addition to running for Attorney General, Eric currently teaches
ethics at New York University’s Stern School of Business as the Henry
Kaufman Visiting Professor of Finance, and serves on the board of the
American Institute for Stuttering.
Eric lives in Manhattan with his wife Priscilla Almodovar and their two
children.






